bns

bns replied to the topic IP to PPOR – Loan Structure in the forum Finance 10 years, 4 months ago

Sorry guys for the confusion and thanks for the feedback. I believe SuperAndrew nailed it on the head.

Basically I’m asking the age old question PPOR 1st/ IP 2nd or IP 1st/ PPOR 2nd.

So my wife is nagging me to buy a house/unit because she loves to renovate/DIY etc (well she gets me to do most of it). We are currently renting and I have shares…[Read more]

bns started the topic IP to PPOR – Loan Structure in the forum Finance 10 years, 4 months ago

Hey there,

Q. If we brought a unit for 500k with 400k debt and then 2 years later decided to turn it into an IP, and upgrade to say a $1 million house and make that the PPOR (with ofcourse the larger loan), How does one transfer that existing 400k loan for the unit into the PPOR equity loan?

Is this possible? Will any CGT be liable with the loan…[Read more]

bns replied to the topic $1 Million Dollars – How to spend wisely!? in the forum Help Needed! 10 years, 5 months ago

Thanks alot for the feedback Chris. I totally understand where you are coming from, buy smaller now to reap the rewards later…

Sadly in Brisbane there’s not much bang for your buck (bubble to be or not to be) sub 1M unless of course one was to increase the search radius from the CBD or looking to spend precious weekends DIYing (which i’ve done…[Read more]

bns replied to the topic $1 Million Dollars – How to spend wisely!? in the forum Help Needed! 10 years, 5 months ago

Thanks so much loan ranger & superAndrew for getting back to me!

For your information we are 30 years old, live in QLD and earn a total of 160k pa (80/80) = DINKS. Our (my) year goal is to have a big enough passive income by age 45 to retire or semi-retire atleast. I know it’s ambitious but where there’s a will there’s a way right!?

Ok so i’ll…[Read more]

bns started the topic $1 Million Dollars – How to spend wisely!? in the forum Help Needed! 10 years, 5 months ago

Hi Guys,

I have a few eager questions and wish to pick your brains on something. I recently inherited $1M and I now wish to buy a PPOR and also a few investment properties. I wish to have my investment properties positively geared with at least an 8% yield…

Here are my questions;

1. Would you buy the PPOR (lets say it’s worth 1M) with the…[Read more]